Vanderbilt Beach-Floridian Club Hosts Annual July 4th Celebration

Left to right:

A Dunes Resident

Jack Loewel, Sales Assoc.-Moraya Bay

Glenn Griffin, Marketing Director- Moraya Bay

Members and guests of The Dunes Grande Preserve celebrate 4th of July at the Floridian Club's annual party featuring the local band, Small Kraft Advisory. This summer event draws residents here from all over the country. They find this the perfect spot for fireworks, family, friends and fun. Located between The Turtle Club and LaPlaya Hotel on Vanderbilt Beach, colorful firework displays can been seen all the way from the Naples Pier to Sanibel Island.

Pictured:

Lorrie, Alison, Kate and Julie

WL and his band, Small Kraft Advisory, play every Friday night at Pelican Larry's on Pine Ridge Road in Naples

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Are REITs a Key to Real Estate Recovery?

NEW YORK – June 24, 2009 – Fortune magazine says that blue-chip REITs offer a reasonably conservative opportunity for individual investors to profit from the coming real estate rebound.

Boston Properties (BXP), Regency Centers (REG), Simon Property Group (SPG), and Vornado Realty Trust (VNO) appear to be among the strongest, the magazine says.Philip Martin, a senior vice president of Golub & Co., a real estate investment and development firm, thinks there isn’t an oversupply of commercial properties.“So when we do recover, you are likely to see a pretty healthy snap-back in real estate prices,” he says. “This is an excellent environment for those REITs with the right combination of knowledge and capital. They are going to have an opportunity to make some great deals, and the risk-adjusted returns at this point in the real estate cycle are going to be pretty darn good.”


Source: Fortune, Michael V. Copeland (06/22/2009)© Copyright 2009 INFORMATION, INC. Bethesda, MD (301) 215-4688

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Home sales rise 36 percent over a year ago in Naples area, NABOR reports

According to a report released early this afternoon by the Naples Area Board of Realtors: Overall pending home sales in the greater Naples area, which includes the Naples beach area, North Naples, central Naples, East Naples, Immokalee and Ave Maria, saw an increase of 101 percent with 1,029 pending sales in May compared to 511 in May 2008.
The report tracks home listings and sales within Collier County, excluding Marco Island.
The most encouraging statistic to date is that from 2008 to 2009 all geogrphic areas of Naples saw an increase of at least 50%. Inventory is decreasing and sales have seen a continued upward trend, could Naples be seeing the first signs of a positive market?
The available inventory decreased 10 percent to 10,046 in May compared to 11,175 in May 2008, NABOR reported. Source: Naplesnews.com

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